~ A Blog on Gems

Alrosa Profit Slumps with Shift to Low-Quality Rough

RAPAPORT… Alrosa’s rough-diamond revenue declined in the first quarter
as sales shifted to lower-quality goods, the Russian miner said.
Group revenue fell 17% year on year to $1.5 billion (RUB
84.81 billion) for the three months that ended March 31, the company reported
Thursday. Sales of gem-quality rough diamonds fell 18% to $1.35 billion (RUB 76.1
billion), with the remainder of reve…